Paratus Energy Services Declares Cash Return of Capital for Shareholders
Paratus Energy Services Declares Cash Return of Capital for Shareholders
On May 28, 2025, Paratus Energy Services Ltd. (OSE: PLSV), a prominent player in the energy sector, announced a significant cash distribution aimed at enriching its shareholders. This announcement, made by the Board of Directors, outlines the terms for a return of capital, signaling the company’s commitment to return value to its investors.
Overview of Return of Capital
The return of capital will amount to $0.22 per share, approximately equivalent to NOK 2.23. The announcement provides a detailed timeline for shareholders, ensuring they understand the important dates involved in this distribution process:
- - Declared currency: USD
- - Last day to include right: June 2, 2025
- - Ex-date: June 3, 2025
- - Record date: June 4, 2025
- - Payment date: June 11, 2025
- - Date of approval: May 27, 2025
These steps ensure clarity for shareholders in anticipation of the cash distribution, which is a part of the company’s Contributed Surplus account. This account primarily encompasses the previously paid paid-in share premium transferred from the Share Premium account. Overall, this move is expected to positively impact shareholder sentiment as it showcases Paratus' ongoing commitment to delivering value.
Handling of Payments
For shareholders who own shares outside the Euronext Securities Oslo/VPS, the processing will be executed manually to ensure they receive their distributions efficiently. This is a vital aspect considering the varying methods of shareholding among investors, and Paratus is keen on addressing this disparity in distribution methods.
About Paratus Energy Services
Paratus Energy Services Ltd., symbolized by the ticker PLSV, operates as an investment holding company primarily focused on a variety of key energy services. With substantial ownership in Fontis Energy and a 50/50 joint venture interest in Seagems, Paratus exemplifies a forward-thinking strategy in offshore drilling and subsea services.
Fontis Energy specializes in offshore drilling, boasting a fleet of five high-specification jack-up rigs deployed under contracts in Mexico, demonstrating the company's robust operational capacity in complex environments. Meanwhile, Seagems operates with a fleet of six multi-purpose pipe-laying support vessels contracted in Brazil, emphasizing Paratus’s strong foothold in critical geographic markets. Paratus also holds a significant stake in Archer Ltd, a global oil services company listed on the Euronext Oslo Børs, further solidifying its reputation in the energy sector.
Conclusion
The announced cash return of capital by Paratus Energy Services demonstrates a strategic approach to maintaining investor trust and loyalty at a time when shareholder expectations are critically high. The structured distribution plan not only serves to return value but also enhances the company’s credibility in the market. As these developments unfold, stakeholders in Paratus will undoubtedly keep a keen eye on the implementation of this return of capital initiative, looking to gauge its impacts on the company’s future and overall market performance.
For inquiries and additional information related to this announcement, investors are encouraged to reach out to Baton Haxhimehmedi, CFO, at +47 406 39 083 or via email.
Topics Financial Services & Investing）
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